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20121202
20121210
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KTVU (FOX) 4
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Search Results 0 to 3 of about 4
FOX
Dec 4, 2012 4:00am PST
a "status quo election," the republican proposal would raise half the amount as the president's plan and save $350 billion from medicare and medicaid. however, at the chicago fed, a gathering of 39 individuals from banking and manufacturing industries - including automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "the vast majority think the fiscal cliff's impact will not be enough to drive us to recessionary measures." the chicago fed forecasts the economy will grow at 2.3% next year; unemployment will drop to 7.6%; new housing starts, often a key indicator, will increase to 950,000 new units; and vehicle sales will get a boost - all good news for the midwest. "with 13% of the population, we produce 30% of the vehicles. forecast is for 3.5% growth, which is 15 million units." also, the fed's economic forecasters say by the end of 2013, the price of west texas crude oil will rise about $4 higher than it is now. so overall, a gradual improvement - not fast enough or robust enough to greatly affect the jobs picture, bu
FOX
Dec 7, 2012 4:00am PST
demanding a union election vote or a collective bargaining agreement. they are talking about raising standards. they are talking about conditions that are poor and trying to put some pressure on these employers to raise those up. > are the conditions that poor? is the working wage that awful? > > this wage is pretty bad. we are talking about very profitable companies, very profitable industries, in most metropolitan areas; and these workers, on average, will bring in roughly around $22,000, $24,000 a year. and for about half these workers, they are the principal breadwinners. that is about $9-something an hour, without benefits. so it's pretty bad. > > here is a statement coming from rob karr. he is a lobbyist with the illinois retail merchants association. he says the current minimum wage is "more than fair. it is really hard on retailers and depriving young people of job opportunities." what do you think about that? does he have an argument? > > no. none whatsoever. the minimum wage is not a liveable wage, so it's well below what would be a self-sufficient wage. secondly, t
FOX
Dec 3, 2012 4:00am PST
priorities. mexico's newly-elected president enrique pena nieto who visited the white house last week, inherits a war within his country. this youtube video posted two months ago describes drug cartel hitmen capturing sections of juarez, across the border from el paso. "part of mexico's problem is that it's affected by the us, by our drug policies." pena nieto vowed to cut mexico's murder rate in half by replacing poorly-paid local police with a centralized force. some say that may address the symptoms but the cause. "you've got to pay the police well or they'll become corrupt.combine that with our drug policy which fosters illegal supply with demand and it worsens mexico's situation." despite gruesome crime scenes, mexico is a good bet to pimco, which now owns more than half of mexico's fixed rate peso bond market. a fifth of its population has now reached the middle class. carmakers, volkswagen, nissan honda and mazda are planning to spend billions on new plants in mexico. "i think there are some concerns that us labor has with what goes on in mexico and a lot of us firms have benef
FOX
Dec 5, 2012 4:00am PST
show. that's scott bauer of trading advantage. > > thanks angie. newly-elected massachusettes senator elizabeth warren will reportedly take a seat on the senate banking committee. the huffington post reports warren has been selected to join the committee starting next year. warren, a major advocate of wall street regulation and cracking down on big banks, won the race for senator in massachusettes in the november election. she also helped launch the consumer financial protection bureau in 2010. two seats will be open on the banking committee after the year wraps up. 2012 is turning into a very profitable year for banks. the latest numbers show bank profits increased 9.4% in the 3rd quarter - the most in any quarter during the past 6 years. fdic reports the industry earned $37.6 billion, up 6.6% from last year. loan balances edged up .9% to $64 billion. the improving numbers are viewed as a sign banks are gaining strenghth and lending is showing signs of life. after the craziness of black friday, or more accurately what is becoming a "black weekend" of shopping following thanksgiving,
Search Results 0 to 3 of about 4